One Liberty Properties Inc., through a joint venture, acquired an approximately 88,000-square-foot, 24-screen movie theater with stadium-style seating in Morrow (a suburb of Atlanta), GA for a consideration of approximately $14.1 million. The theater is commonly referred to as the AMC Southlake Pavilion 24 Theatre. The property is triple net-leased on a long-term basis to American Multi-Cinema Inc., a subsidiary of AMC Entertainment Inc. OLP Holdings LLC is a joint venture of One Liberty Properties Inc., DB Real Estate-Private Equity, an affiliate of Deutsche Bank Group, and MTC Investors LLC, an affiliate of a shopping center owner, developer and operator. The joint venture previously acquired three other stadium movie theaters. The first is a stadium movie theater also leased to American Multi- Cinema Inc. and in Norwalk (a suburb of Los Angeles). The second is a stadium movie theater leased to Regal Cinemas Inc., a subsidiary of Regal Entertainment Group and in Austell (a suburb of Atlanta), GA, and the third is a stadium movie theater also leased to Regal Cinemas Inc. and in Beavercreek (a suburb of Dayton), OH. The joint venture intends to pursue additional investments involving stadium movie theaters.